No Upfront Fees for Rent-to-Own
With PublicSquare, there are no upfront fees. While you do pay a kickstarter payment of 3% of the initial home price - as the name implies - this amount kickstarts your deposit, which you can use in full later when you're ready to complete the purchase of your home.
You also have to pay for a lawyer to make sure all the contract terms are clear, but these costs are usually only around $1000.
Therefore, with PublicSquare's rent to buy homes, you do not incur the typical upfront costs of regular home-buying. By foregoing the standard 10-20% deposit requirements and not having to pay the initial stamp duty cost, you can move into your dream home within weeks, not years.
At PublicSquare, we also do not charge risk fees, application fees, bond, or lender's mortgage insurance (LMI).
Future-Mortgage Guarantee
After living in your property for four years you can opt to buy your property using the lender of your choice.
If you can't obtain a home loan, PublicSquare can sell the property for you without a sale commission, enabling you to recover your contributions.
Summary
Rent to own homes are an excellent choice for would-be homebuyers who don't want to continue wasting money on rent and would like to lock in a future price guarantee to protect themselves against a rising property market.
PublicSquare offers a technology-focused product that customers love, including no upfront fees and managemable contributions to help you grow your deposit and complete your purchase of the home.
Using modern software, PublicSquare also processes customer applications up to 10x faster than the banks.
